NFTs on Cardano commonly referred to as CNFTs, aren’t just jpegs as many no-coiners call them.
There are plenty of different kinds of CNFTs with different utilities, but the one thing they all share is their ability to bring in more people into Cardano.
Today, we look at how Cardano’s NFTs have become a way of not just introducing other crypto enthusiasts to the blockchain, but also a way to bring in people who are new to crypto.
For people who don’t fully understand crypto, trying to explain things in terms of ticker symbols such as ADA or BTC isn’t always effective - even though it very well should be.
However, showing them digital assets that would appeal to them through beauty, utility, and value, is a simpler way of convincing them that crypto is the way to go.
Many CNFT projects are created through mind-blowing, unique art that’s appealing to everyone. Simply look at PFP NFTs for proof of this.
It’s not just PFPs attracting more and more people into the space either. There are works from brilliantly-talented artists being minted on Cardano as we speak.
As people see the art, they can’t help but want to own it. And to own it requires more knowledge of the blockchain these NFTs are created on. On Cardano, it requires:
Pretty soon, a crypto-newcomer finds themselves deep down the rabbit hole without even knowing it.
There’s more to stunning art though. A lot of CNFT projects provide great utility for their owners whether that’s:
Artists can create their own CNFTs, offer them to their no-coiner fanbase, and profit significantly from it without the need for middlemen. This then brings in more people into Cardano.
A third appealing factor to those that aren’t into crypto yet is the profits that can be made through flipping CNFTs.
People may not fully understand how markets work, but most folks understand the art of flipping valuable items for a profit.
It’s very simple:
When you consider that in a bull market the price of ADA is also likely to go up, well that’s a lot of profits for holding a CNFT.
CNFTs can also be very attractive investments to those of us who are already in the crypto space but are looking for affordable NFTs and something special.
As time passes more and more people invested in other blockchains turn to Cardano for its NFTs and there are two good reasons why.
We all know how expensive transactions on a certain blockchain usually are. Often, these gas prices prohibit us from buying things we’d really want with that cryptocurrency.
Add in the fact that most NFT minting prices on that blockchain are quite high already and you’ve got a recipe for disaster bound to leave minters wondering if there are better alternatives.
Average Mint Price on Ethereum: 0.08 ETH (+ gas)
Average Mint Price on Cardano: 40 ADA (+ ~0.18 ADA in dust)
Once you do the math, it’s easy to see why more and more people choose CNFTs as a more affordable way to get their NFTs.
If affordability isn’t already a major appeal to crypto enthusiasts, then consider the various CNFT communities built around great projects.
Whereas other blockchains and their NFTs are more concerned about price speculation, CNFT communities are mostly about helping each other out, sharing ideas, and building together. This stems from the core values of Cardano itself and legit CNFT projects are doing a great job in consistently showcasing this.
Who wouldn’t want to be a part of this?
Now that you know about the key reasons behind the increased adoption of Cardano through CNFTs it’s time to get in on the fun.
Be part of a CNFT project that’s unlike any other. Be part of ADA Ninjaz and get to decide on a manga and an anime’s story’s development. Join us by buying one of our CNFTs from a reliable marketplace today.
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The third fan fiction contest was held on the ADA Ninjaz Discord Server from 16/04/2022 to 23/04/2022. Pick a ninja, tell us their story. Who they are? Why they're in their specific clan? What is their ninja drive?
The second fan fiction contest was held on the ADA Ninjaz Discord Server from 12/03/2022 to 17/03/2022. You helped us create the Twin Cities Kemuliaan and Kemenangan, now we want you to create your very own fight scene within its city walls! Pick a location(s) from the concept art of the city shown. Tell the fight scene! (don't forget to tell us why they're fighting). If your ninjaz battle scene is at multiple locations feel free to describe it in dot points. Two winners total. The storyteller will pick one, and the community will vote on the second!